^TNX vs. TMV
Compare and contrast key facts about Treasury Yield 10 Years (^TNX) and Direxion Daily 20-Year Treasury Bear 3X (TMV).
TMV is a passively managed fund by Direxion that tracks the performance of the NYSE 20 Year Plus Treasury Bond Index (-300%). It was launched on Apr 16, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^TNX or TMV.
Correlation
The correlation between ^TNX and TMV is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
^TNX vs. TMV - Performance Comparison
Key characteristics
^TNX:
-0.23
TMV:
-0.06
^TNX:
-0.18
TMV:
0.23
^TNX:
0.98
TMV:
1.02
^TNX:
-0.09
TMV:
-0.02
^TNX:
-0.44
TMV:
-0.13
^TNX:
11.33%
TMV:
18.17%
^TNX:
21.89%
TMV:
42.80%
^TNX:
-93.78%
TMV:
-99.06%
^TNX:
-45.32%
TMV:
-96.51%
Returns By Period
In the year-to-date period, ^TNX achieves a -4.07% return, which is significantly higher than TMV's -4.54% return. Over the past 10 years, ^TNX has outperformed TMV with an annualized return of 8.62%, while TMV has yielded a comparatively lower -4.64% annualized return.
^TNX
-4.07%
1.86%
4.45%
-5.70%
49.31%
8.62%
TMV
-4.54%
3.74%
11.33%
-4.63%
28.35%
-4.64%
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Risk-Adjusted Performance
^TNX vs. TMV — Risk-Adjusted Performance Rank
^TNX
TMV
^TNX vs. TMV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Treasury Yield 10 Years (^TNX) and Direxion Daily 20-Year Treasury Bear 3X (TMV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
^TNX vs. TMV - Drawdown Comparison
The maximum ^TNX drawdown since its inception was -93.78%, smaller than the maximum TMV drawdown of -99.06%. Use the drawdown chart below to compare losses from any high point for ^TNX and TMV. For additional features, visit the drawdowns tool.
Volatility
^TNX vs. TMV - Volatility Comparison
The current volatility for Treasury Yield 10 Years (^TNX) is 9.28%, while Direxion Daily 20-Year Treasury Bear 3X (TMV) has a volatility of 17.36%. This indicates that ^TNX experiences smaller price fluctuations and is considered to be less risky than TMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.